8 Best Pet Stocks to Buy According to Billionaires

6. Tractor Supply Company (NASDAQ:TSCO)

Number of Billionaire Investors: 10

Number of Hedge Fund Holders: 40

Tractor Supply Company (NASDAQ:TSCO) is an American company that sells home improvement, agriculture, lawn and garden maintenance, livestock, and pet care products and supplies. The company serves recreational farmers, ranchers, homeowners, gardeners, and pet enthusiasts with more than 2,200 stores in 49 states. Tractor Supply Company (NASDAQ:TSCO) also has more than 200 Petsense by Tractor Supply stores in 23 states. Petsense is a small-box pet specialty supply retailer providing products and services for pet owners. TSCO ranks among the best pet stocks to invest in according to billionaires.

The company is strategically expanding its pet care offerings through acquisitions and new product launches. In December 2024, Tractor Supply Company (NASDAQ:TSCO) completed its acquisition of Allivet, a leading online pet and animal pharmacy that is licensed in all 50 states with 3 distribution centers that allow it to reach a large majority of the US with next day delivery. This transaction helps Tractor Supply Company (NASDAQ:TSCO) reach more customers and grow its total addressable market by $15 billion to $225 billion. Additionally, in January 2025, the company launched 4health Shreds, a new dog food product that combines crunchy kibble and protein-rich shreds for better texture and nutrition. 4health Shreds products are priced under $55 for a 35-pound bag to offer over 20% better value than comparable national brands.